India's green hydrogen initiative garners interest, major players sit out initial subsidy auction

  • Industry News
  • Dec 08,23
Initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC, and Adani Enterprises opted out of the bidding process.
India's green hydrogen initiative garners interest, major players sit out initial subsidy auction

India's initial round of subsidies for its $2.4 billion green hydrogen initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC Ltd, and Adani Enterprises Ltd opted out of the bidding process, as per sources familiar with the matter.

Unofficial reports suggest that Acme Solar Holdings and Avaada Group were contenders in the auction aimed at constructing a total capacity of 450,000 tons per year of green hydrogen. However, NTPC Ltd and Adani Enterprises Ltd, despite having their own green hydrogen plans, chose not to participate.

The Solar Energy Corp of India Ltd, the organising body, decided to extend the submission deadline by 10 days until December 14, possibly in a bid to attract additional participants.

There has been no immediate response from spokespersons at Sembcorp, Acme, AM Green, Avaada, Adani, and NTPC to requests for comments. The Ministry of Renewable Energy also did not provide an immediate response. JSW Energy declined to offer any comments.

India's ambitious plan aims to generate 5 million tons of green hydrogen annually, crucial for decarbonising challenging industries like oil refining, fertilisers, steel, and shipping. Facing reluctance from local companies due to high initial costs, India is shifting its focus to exports, seeking agreements with European and Southeast Asian economies, while simultaneously intensifying domestic subsidy efforts.

The newly announced subsidies span the first three years of production, offering incentives of up to 50 rupees ($0.6) per kilogram in the first year, 40 rupees in the second year, and 30 rupees per kilogram in the third year, according to the bid documents.

Source: Business Standard

Related Stories

Electrical & Electronics
There will be a growing use of gas and other alternate fuels for gensets

There will be a growing use of gas and other alternate fuels for gensets

Shveta Arya, Business Head, Power System Business, Cummins India, in this interview, gives an overview of the power gensets market in India and also informs about the recent trends in the industry.

Read more
Automation & Robotics
Schmersal India celebration: Achieving milestones together

Schmersal India celebration: Achieving milestones together

The Schmersal India offers its customers the largest range of safety switching appliances and systems worldwide for the protection of human life and machines.

Read more
Electrical & Electronics
Shivaji Waghmare: Fuji Electric India aims to double its business in next 4-5 yr

Shivaji Waghmare: Fuji Electric India aims to double its business in next 4-5 yr

In this interview with Rakesh Rao, Shivaji Waghmare, CEO & CTO, Fuji Electric India, elaborates on the evolution manufacturing sector in the country and the company’s plans to tap new business opp..

Read more

Related Products

Air Generators

GAS GENERATION & GAS PURIFICATION PLANTS

Enersys offers a wide range of hot air generators. Read more

Request a Quote

Gas Roaster

GAS GENERATION & GAS PURIFICATION PLANTS

Fans Bro Erectors offers roaster machine with LPG/CNG gas heating arrangements. Read more

Request a Quote

Gas Purification System

GAS GENERATION & GAS PURIFICATION PLANTS

PCI Analytics offers a wide range of GC gas purification system. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back